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69 the accumulation of a reserve for future expenditures to pay for such health and medical benefit program costs. This appropriation shall be effective during the fiscal year ending June 30, 2002, but shall not be deemed to expire at the end ofthat year. Instead, it shall continue in effect unless altered by further action of City Council. B. There is hereby appropriated from the Health Benefits Fund, for the purpose of funding half of the increase in the retirement benefits for City en~loyees, the sum of $380,000. This appropriation shall be effective during the fiscal year beginning July 1, 2001 and ending June 30, 2002. IV. TRANSIT F~ APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville, that there is hereby appropriated from the Transit Fund, for the operation of the transit bus system during the fiscal year beginning July 1, 2001 and ending June 30, 2002, the sum of $3,033,105 or the amount of revenue actually received by such fund, whichever is the greater amount. Such appropriation shall be effective July 1,2001. V. RISK ~AGEMENT APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville, that all sums previously appropriated to the Risk Management Fund, and all sums received by such fund as payment from other City funds, are hereby appropriated for the uses prescribed for such fund, pursuant to the terms of, and subject to the limitations imposed by Article V of Chapter 11 of the Code of the City of Charlottesville, 1990, as amended. VI. EQUIPMENT REPLACEMENT FUND APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville: There is hereby appropriated from the Equipment Replacement Fund other sums received by such fund as payment from other City funds, for the lease, financing or purchase of motor vehicles and related equipment and for accumulation of a reserve for future equipment purchases during the fiscal year beginning July 1, 2001 and ending June 30, 2002. Such appropriation shall be effective July 1, 2001; provided that such appropriations shall not be deemed to expire at the end of such fiscal year, but shall continue in effect unless altered by further action of City Council. Of the sums received by the Equipment Replacement Fund, a sum sufficient to service the debt on any pieces of general governmental equipment obtained under a master lease, credit line, or an installment purchase agreement shall be transferred to the Debt Service Fund. VII. FACILITIES REPAIR FUND APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville: The sum of $300,000 transferred to the Facilities Repair Fund under Part II of this resolution, and such sums as may be transferred to the Facilities Repair Fund from other funds during the fiscal year beginning July 1, 2001 are appropriated for carrying out the purposes of this fund during that fiscal year. However, such appropriation shall not be deemed to expire at the end ofthe fiscal year, but shall continue in effect unless altered by further action of this Council. VIII. DEBT SERVICE FUND APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville: A. The Debt Service Fund shall serve as a permanent reserve for the payment of principal and interest of bonds, notes and other evidences of indebtedness and the cost of issuance thereof issued by the City pursuant to its charter and/or the Virginia Public Finance Act.